COAST LAUNCHES NEW ONLINE TRADING PLATFORM – COAST ETRADE

Coast Investment and Development Company has been striving to develop Coast eTrade – a state of the art online equities trading platform to meet local and foreign investors needs. Coast eTrade offers the investor to trade in companies listed Kuwait Stock Exchange and other markets world wide via a single account and through a web service and smart devices. In an effort to cater to all levels of investors, Coast eTrade offers competitive market commissions rates compared to other local and GCC online trading providers to ensure clients satisfaction. Mr. Rakan Abdulatif Al Ahmad, Vice President of eTrade Department – Brokerage Group explains, “Coast eTrade is considered as one of the most advanced online equity trading systems in the world. We provide our clients with ability to call our Brokerage Room to place their orders and receive technical support when needed.” Al Ahmad added, “clients can register through Coast Investment and Development Company’s website or by visiting the company head quarters.” Al Ahmad continues, “clients can utilize the trading system via a single trading account that will enable them to trade in multiple stock markets, the ability to transfer shares to and from Coast Investment ad Development Company in addition to funding their accounts to trade in financial markets via K-Net payments. ” He added, “Clients can view market data and prices in real-time such as market indices and its sectors, filtering stocks based on performance, alerts, time and sales in addition to bids and offers.” Al Ahmad explains, “the online trading service will connect clients with financial markets via personal computers and smart devices. The trading system offers the clients unique financial trading tools such as stocks charting and technical analysis for beginners and professionals, execute currency conversions, deposit and withdraw funds electronically, a fully customized admin dashboard, watch lists creations and many other features to enhance the trading experience.” He added, “clients can view their daily and or monthly trading performance, in addition to receiving market news and announcements as the happen, print cash positions, stocks performance, receive trade conformations via SMS or by email.” Al Ahmad continues, “the effort to launch Coast eTrade goes in line with the company’s vision to offer unique products and services fulfilling markets and clients demand.” He added, “Coast eTrade as a system conforms with the current Boursa Kuwait trading system for emerging markets.” Al Ahmad added, “the online trading service is unique in its offerings as it provides clients all the necessary information to make the correct investment decisions.” Coast eTrade is available in both English and Arabic.

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OPEN AN eTRADE ACCOUNT

Instructions:

  1. Select KYC application form by account type (Individual, Corporate)
  2. Print, fill and sign the KYC application form
  3. Visit our Head Office with the original required documents in hand to complete the account opening process
  4. A minimum of 300 KD (or the equivalent in USD, AED, SAR, OMR, BHD or QAR) must be deposited to activate your Coast eTrade account and start trading

 Required Documents – Individual Account:

Kuwaiti and GCC Citizens

  • Civil ID – Kuwaiti Citizens
  • National Identity ID – GCC Citizens
  • Completed Application Form (KYC)

Kuwait Residents and Non-Kuwaiti Residents

  • Civil ID
  • Passport Copy
  • Completed Application Form (KYC)

For other types of applicants, please visit the FAQ section for the list of requirements

Important: 

To complete the registration process, the following forms must be filled and signed at our Head Office:

  • FATCA Form
  • CRS Form
  • AML Questionnaire (If applicable)

Required Documents – Corporate Account:

Companies Based in/Established in Kuwait

  • Commercial License/Registration issued by the ministry
  • Articles of Association and/or Memorandum of Association
  • Amendments to Articles/Memorandum of Association
  • Company Civil ID
  • Board of Directors list presented in the form of Whom It May Concern letter
  • Board of Directors decision letter addressed to Coast Investment and Development Company K.S.C.P letter authorizing the opening of a Coast Brokerage eTrade online trading account
  • Authorized Signatories list presented in the form of Whom It May Concern letter
  • Completed Corporate Application Form (KYC)

Important:

  • Board of Directors and Authorized Signatories letters must be attested by Kuwait’s official authorities
  • Copies of official personal documents for each member of Board of Directors

Board of Directors – Kuwaiti Citizens and Non-Kuwaiti Residents

  • Civil ID Copy
  • Passport Copy
  • Copies of official personal documents for each member of Board of Directors
  • Signature verification for each Authorized Signatory attested by Kuwait’s official authorities/bank

Non Kuwaiti Companies 

  • Company License/Registration
  • Articles of Association and/or Memorandum of Association
  • Amendments to Articles/Memorandum of Association
  • Board of Directors list presented in the form of Whom It May Concern letter
  • Board of Directors decision letter addressed to Coast Investment and Development Company K.S.C.P letter authorizing the opening of a Coast Brokerage eTrade online trading account
  • Authorized Signatories list presented in the form of Whom It May Concern letter
  • Completed Corporate Application Form (KYC)

Important:

  • Board of Directors and Authorized Signatories letters must be attested by official authorities in country of origin
  • Passport Copy for each member of Board of Directors must be attested by official authorities in country of origin
  • Signature verification for each Authorized Signatory must be attested by official authorities in country of origin
  • All required documents must have a valid expiry date when applying

Important: 

To complete the registration process, the following forms must be filled and signed at our Head Office:

  • FATCA Form
  • CRS Form
  • AML Questionnaire (If applicable)

For more information on requirements, please visit the FAQ section on the website.